In the State of California, if an individual dies with over $150,000 in assets and no living trust, it is likely that the estate will be probated. That’s all fine and dandy, but what does it mean for an estate to go through the probate process?

Hands holding little wooden house on blackboard background. Symbol of construction, security or sweet home concept

Since the housing market crash of 2007, we have all been exposed to a seemingly endless number of horror stories. From families that can no longer afford their mortgage to fraudulent lending and re finance schemes, there is no short list of victims across the United States that have had their lives turned upside down.

In spite of the general appearance of our economy rebounding and seeing steady growth, the State of California remains a hot bed for real estate defaults and foreclosure proceedings. While the reasons for this vary, it is important that everyone become more acclimated with the California foreclosure process to better protect oneself from this daunting possibility.